Managers
Mid-market private equity provider LDC has completed the sale of its stake in Kee Safety, a global safety business, in a GBP90m deal with Dunedin.
LDC took a significant stake in Kee Safety in February 2011.
Headquartered in Meriden, near Birmingham, Kee Safety is a provider of safety systems and solutions. Its specialist product portfolio includes a wide range of personal and collective fall protection solutions, specifically designed to separate people working at height or on the ground from hazards. The business operates through a number of brands including KeeGuard, Kee Walk, Kee Access and Kee Klamp.
Since
Investec Growth & Acquisition Finance has provided a GBP16m integrated debt facility to support the growth strategy of the London-based garment designer and manufacturer Carmel Clothing.
As part of the financing arrangement, Investec has provided Carmel with revolving and amortising loan facilities, delivering working capital funding and support for future investment.
The Kentish Town-based designer and manufacturer has offices in China and Vietnam employing more than 100 staff and generating revenues of GBP30m. Carmel supplies high-profile UK and European high street stores and supermarkets such as Next and Arcadia Group, offering catwalk inspired commercial designs through early development and
Private equity firm Indigo Partners has, through an affiliate, completed the acquisition of Frontier Airlines from Republic Airways Holdings.
Final terms of the transaction, which was first announced on 1 October 2013, are not being disclosed.
Indigo Partners and its principals, led by managing partner William Franke, have considerable experience in airline-related investments.
“Today is an exciting day for Frontier Airlines and Indigo Partners, as we can now embark on a new chapter in Frontier’s history of providing safe, reliable and fairly priced air service,” says Franke. “As air travel costs have moved higher, demand has grown for
Private equity firm Centre Partners has completed the acquisition of Captain D's.
The firm’s existing senior management team will own a significant stake in the business and continue to serve in their current roles.
Captain D's, based in Nashville, Tennessee, operates a chain of 521 seafood-themed fast-casual restaurants in 26 states.
Bruce Pollack, managing partner of Centre Partners, says: "We're excited to invest in Captain D's and to partner with Phil Greifeld and his executive team. Captain D's differentiated menu of high quality seafood products at a value price point clearly distinguishes it from its competitors and the
CyberCoders, a portfolio company of Riordan Lewis & Haden Equity Partners (RLH), is to be acquired by On Assignment.
CyberCoders is a recruiting firm which combines personalised service and proprietary software to provide superior client outcomes.
CyberCoders specialises in permanent placement of mid to senior-level professionals with experience in fields such as IT, engineering, healthcare and life science, using unique systems that quickly identify the best-qualified and best-fitting candidates for clients.
On Assignment is a provider of in-demand, skilled professionals for temporary, contract-to-hire, and direct hire assignments in the growing IT, healthcare, and life sciences sectors.
Thoma Bravo has sold portfolio company Digital Insight, a provider of digital banking capabilities to financial institutions, to NCR Corporation for USD1.65bn.
The sale is expected to close in Q1 2014.
“Thoma Bravo was able to establish Digital Insight as a standalone company following our acquisition from Intuit in August, while also offering Intuit a successful and efficient outcome,” says Thoma Bravo managing partner Orlando Bravo. “Digital Insight has attracted interest from NCR with its strong set of online and mobile banking products, rich client list, and accomplished employees.”
“Thoma Bravo was an experienced and trusted partner during
Water Street Healthcare Partners has sold Massachusetts-based Medical Specialties Distributors (MSD) to New Mountain Capital.
Water Street partnered with MSD’s management team in 2010 to build the company into a leading distributor and solutions provider to the growing alternate-site home infusion therapy market.
MSD has achieved strong double-digit growth annually since Water Street invested in the company. Working with management, Water Street developed and executed a strategic plan that expanded MSD’s capabilities and extended its offering into new markets as demand for intravenous (IV) therapy in the home increased. In June 2013, MSD acquired Medical Technology Resources (MTR) to
LA-based private equity firm Aurora Capital Group has completed the acquisition of the insurance solutions division of Zywave from Vista Equity Partners.
Financial terms of the transaction have not been disclosed.
"We look forward to partnering with Bill Haack, Dave O'Brien, Joe Gibson and the entire Zywave team," says Josh Klinefelter (pictured), partner and head of Aurora's software & information services practice. "Zywave is a clear market leader in the insurance software vertical and we are excited to add another strong SaaS platform to our portfolio."
Dave O'Brien, CEO of Zywave, says: "Zywave has long been an industry-leading provider
SDCL Asia is to launch the UK China Energy Efficiency Investments Fund, which will seek to invest up to USD200m in energy efficiency projects and opportunities.
Energy efficiency is one of the fastest growing investment markets in the world, driven by severe energy supply constraints, rising prices and the opportunity to make substantial cost savings from inefficient and ageing energy infrastructure.
The UK is home to some to the world’s leading energy efficiency technology and services companies as well as financial innovation. China is the world’s largest market for energy efficiency and is a major exporter of energy efficiency products
EIG Global Energy Partners has held the final close of Energy Fund XVI, the firm's most recent flagship investment fund.
Fund XVI is the largest fund in EIG's history and includes capital commitments from 150 limited partners from 18 countries.
Institutional investors domiciled outside the US represent more than 40 per cent of total capital commitments.
Launched in February 2013 with a target of USD4.25bn, Fund XVI had a first closing in May 2013 and reached its hard-cap of USD6bn (excluding affiliate investments) in connection with its final closing on 25 November 2013.
Fund XVI will continue
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